Confluent: Valuable Data Streaming Stock
This is a news story, published by MSN, that relates primarily to CFLT news.
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important data streamingThe Motley Fool
•Business
Business & Economics
1 Glorious Growth Stock Down 71% to Buy Hand Over Fist in 2025, According to Wall Street
82% Informative
Confluent (NASDAQ: CFLT ) is the leading provider of data streaming technology.
It believes the industry could be worth more than $100 billion this year .
Confluent delivered a record $250.2 million in revenue during the third quarter of 2024 (ended Sept. 30, 2024 ) It is on track to deliver $1 billion in annual revenue over the next 12 months .
Confluent has a 46% discount to its long-term average of 17.1 .
Wall Street Journal tracks 34 analysts who cover the stock, and 20 have assigned it the highest possible buy rating.
Confluent shares could jump 23.7% over the next 12 to 18 months .
The Street-high target is $ 40 , which points to a potential upside of almost 50% .
VR Score
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